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First Trust Dorsey Wright Momentum & Value ETF
ETF
DVLU
Payout Change
Pending
Price as of:
$27.81
-0.1
-0.34%
primary theme
U.S. Mid-Cap Value Equity
DVLU (ETF)
First Trust Dorsey Wright Momentum & Value ETF
Payout Change
Pending
Price as of:
$27.81
-0.1
-0.34%
primary theme
U.S. Mid-Cap Value Equity
DVLU (ETF)
First Trust Dorsey Wright Momentum & Value ETF
Payout Change
Pending
Price as of:
$27.81
-0.1
-0.34%
primary theme
U.S. Mid-Cap Value Equity
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
7.2%
1 yr return
24.5%
3 Yr Avg Return
8.3%
5 Yr Avg Return
10.5%
Net Assets
$23.5 M
Holdings in Top 10
31.9%
52 WEEK LOW AND HIGH
$27.9
$21.15
$30.12
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DVLU - Profile
Distributions
- YTD Total Return 7.2%
- 3 Yr Annualized Total Return 8.3%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.68%
- Dividend Yield 2.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFirst Trust Dorsey Wright Momentum & Value ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateSep 05, 2018
-
Shares Outstanding1000002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned and was developed by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity including, but not limited to, quantitative inclusion criteria. The Index Provider may also, due to special circumstances, if deemed essential, apply discretionary adjustments to ensure and maintain the high quality of the Index construction and calculation.According to the Index Provider, the Index is a rules-based equity index designed to track the overall performance of the 50 most undervalued stocks comprising the Nasdaq US Large Mid CapTMIndex that exhibit high levels of “relative strength.” A relative strength analysis is a momentum-based investment strategy that emphasizes a security’s forward price momentum in the security selection process. A security’s momentum is the rate at which its price is accelerating. Momentum investing strategies are based on the principle that securities that have recently risen or fallen in price will continue that trend and that, when evaluating two indices/securities, the index/security exhibiting the greater momentum will perform better.To make such a determination between two indices/securities, a relative strength calculation can be used. A relative strength calculation is an objective method of comparing two investment options to determine which of the two is exhibiting greater forward price momentum. The Index utilizes a relative strength calculation to compare the forward price momentum of each of the securities comprising the Nasdaq US Large Mid CapTMIndex against the momentum of a broad market benchmark index. To make this determination, on a daily basis, the Index Provider computes a “relative strength score” for each security in the Nasdaq US Large Mid CapTMIndex by dividing the closing price of each security by the closing price of the benchmark index and then multiplying that number by 100. This number is then charted for each security. When the same calculation is run the next day, if this number increases, it is charted as an “X.” If it decreases, it is charted as an “O.” This is known as point and figure charting. The patterns formed by these “Xs” and “Os” can signal whether a security should be bought or sold. For instance, if a column of “Xs” exceeds a previous column of “Xs”, this is known as a “buy signal”. Only those securities presenting a “buy” signal and in a column of “Xs” are eligible for inclusion in the Index.According to the Index Provider, eligible securities are individually ranked on four “value” metrics: (1) price-to-sales ratio; (2) price-to-book ratio; (3) price-to-earnings ratio; and (4) price-to-cash flow ratio. Each eligible security is assigned a percentile rank for each of the four metrics. A cumulative value score is then calculated for each security by averaging the percentile scores for each of the value metrics. The eligible securities are ranked based upon their value scores. Securities that did not have scores for at least three of the four metrics are removed. The remaining top 50 eligible securities with the highest value scores are selected for inclusion in the Index. The Index then utilizes each security’s value score to assign weights to each of the 50 securities. Similar to a market cap weighting methodology, securities with higher value scores are assigned correspondingly higher weights.The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of December 31, 2023, the Fund had significant investments in consumer discretionary companies and financial companies, although this may change from time to time. The Fund’s investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of December 31, 2023. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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DVLU - Performance
Return Ranking - Trailing
| Period | DVLU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -7.3% | 7.9% | 2.68% |
| 1 Yr | 24.5% | -8.6% | 31.0% | 4.02% |
| 3 Yr | 8.3%* | -5.1% | 13.8% | 5.98% |
| 5 Yr | 10.5%* | -0.9% | 15.7% | 16.01% |
| 10 Yr | N/A* | -0.1% | 11.8% | 64.93% |
* Annualized
Return Ranking - Calendar
| Period | DVLU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.1% | -11.3% | 33.3% | 9.95% |
| 2022 | -11.7% | -41.6% | 2.3% | 32.61% |
| 2021 | 39.7% | -41.5% | 44.9% | 0.82% |
| 2020 | -8.3% | -29.0% | 22.1% | 96.40% |
| 2019 | 31.2% | -8.1% | 31.2% | 0.29% |
Total Return Ranking - Trailing
| Period | DVLU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.2% | -7.3% | 7.9% | 2.68% |
| 1 Yr | 24.5% | -8.6% | 31.0% | 4.02% |
| 3 Yr | 8.3%* | -5.1% | 13.8% | 5.98% |
| 5 Yr | 10.5%* | -0.9% | 15.7% | 16.01% |
| 10 Yr | N/A* | -0.1% | 11.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DVLU Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.8% | -3.7% | 36.5% | 12.63% |
| 2022 | -9.8% | -35.0% | 2.4% | 70.38% |
| 2021 | 41.6% | 6.2% | 48.3% | 0.82% |
| 2020 | -6.7% | -22.9% | 23.2% | 98.06% |
| 2019 | 33.6% | -3.0% | 35.7% | 3.14% |
DVLU - Holdings
Concentration Analysis
| DVLU | Category Low | Category High | DVLU % Rank | |
|---|---|---|---|---|
| Net Assets | 23.5 M | 991 K | 28 B | 96.52% |
| Number of Holdings | 50 | 8 | 2449 | 83.96% |
| Net Assets in Top 10 | 7.86 M | 250 K | 4.28 B | 95.72% |
| Weighting of Top 10 | 31.86% | 5.0% | 104.2% | 18.18% |
Top 10 Holdings
- Meritage Homes Corp 3.64%
- Toll Brothers Inc 3.37%
- Western Alliance Bancorp 3.31%
- PulteGroup Inc 3.31%
- DR Horton Inc 3.25%
- Taylor Morrison Home Corp 3.17%
- Lennar Corp 3.06%
- Popular Inc 2.97%
- Phillips 66 2.90%
- Lithia Motors Inc 2.89%
Asset Allocation
| Weighting | Return Low | Return High | DVLU % Rank | |
|---|---|---|---|---|
| Stocks | 99.94% | 56.38% | 102.65% | 1.07% |
| Cash | 0.06% | 0.00% | 43.98% | 89.57% |
| Preferred Stocks | 0.00% | 0.00% | 5.43% | 51.34% |
| Other | 0.00% | -1.97% | 8.33% | 64.44% |
| Convertible Bonds | 0.00% | 0.00% | 0.02% | 48.39% |
| Bonds | 0.00% | 0.00% | 27.69% | 49.73% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DVLU % Rank | |
|---|---|---|---|---|
| Financial Services | 23.21% | 0.00% | 60.11% | 12.37% |
| Basic Materials | 22.65% | 0.00% | 23.88% | 0.81% |
| Energy | 21.43% | 0.00% | 29.17% | 1.61% |
| Healthcare | 7.43% | 0.00% | 32.47% | 64.52% |
| Consumer Cyclical | 6.16% | 0.00% | 29.62% | 91.94% |
| Industrials | 4.85% | 0.00% | 29.02% | 97.04% |
| Technology | 4.77% | 0.00% | 30.07% | 91.40% |
| Real Estate | 4.07% | 0.00% | 40.74% | 78.49% |
| Consumer Defense | 3.95% | 0.00% | 33.79% | 76.34% |
| Communication Services | 1.48% | 0.00% | 19.80% | 70.16% |
| Utilities | 0.00% | 0.00% | 24.69% | 95.16% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DVLU % Rank | |
|---|---|---|---|---|
| US | 99.94% | 56.38% | 102.65% | 1.07% |
| Non US | 0.00% | 0.00% | 34.45% | 61.50% |
DVLU - Expenses
Operational Fees
| DVLU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.01% | 16.92% | 89.30% |
| Management Fee | 0.60% | 0.00% | 1.20% | 27.01% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.63% |
| Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
| DVLU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| DVLU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| DVLU Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 227.00% | 95.76% |
DVLU - Distributions
Dividend Yield Analysis
| DVLU | Category Low | Category High | DVLU % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.98% | 0.00% | 23.87% | 69.44% |
Dividend Distribution Analysis
| DVLU | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| DVLU | Category Low | Category High | DVLU % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.68% | -1.84% | 4.73% | 8.63% |
Capital Gain Distribution Analysis
| DVLU | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 28, 2024 | $0.042 | OrdinaryDividend |
| Dec 29, 2023 | $0.138 | OrdinaryDividend |
| Sep 29, 2023 | $0.026 | OrdinaryDividend |
| Jun 30, 2023 | $0.082 | OrdinaryDividend |
| Mar 31, 2023 | $0.101 | OrdinaryDividend |
| Dec 30, 2022 | $0.203 | OrdinaryDividend |
| Sep 30, 2022 | $0.081 | OrdinaryDividend |
| Jun 30, 2022 | $0.121 | OrdinaryDividend |
| Mar 31, 2022 | $0.078 | OrdinaryDividend |
| Dec 31, 2021 | $0.134 | OrdinaryDividend |
| Sep 30, 2021 | $0.067 | OrdinaryDividend |
| Jun 30, 2021 | $0.103 | OrdinaryDividend |
| Mar 31, 2021 | $0.030 | OrdinaryDividend |
| Dec 31, 2020 | $0.073 | OrdinaryDividend |
| Sep 30, 2020 | $0.051 | OrdinaryDividend |
| Jun 30, 2020 | $0.034 | OrdinaryDividend |
| Mar 31, 2020 | $0.083 | OrdinaryDividend |
| Dec 31, 2019 | $0.096 | OrdinaryDividend |
| Sep 30, 2019 | $0.117 | OrdinaryDividend |
| Jun 28, 2019 | $0.079 | OrdinaryDividend |
| Mar 29, 2019 | $0.043 | OrdinaryDividend |
| Dec 31, 2018 | $0.087 | OrdinaryDividend |
DVLU - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
David McGarel
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Roger Testin
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Jon Erickson
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Chris Peterson
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 35.59 | 8.28 | 10.92 |
